Fortune has reported that the two are raising $25 million for their fund, which will look to back companies that “enable the people-based economy.” It supposedly would include less than a dozen companies, with half managed as an incubator might and half given seed funding. That’s not a huge fund, or certainly not in comparison to some more established funds, like Greylock’s $1 billion or Andreessen Horowitz’s $1.5 billion, but the two have experience in investing and product experience in the Valley, and it’s certainly larger than blogger Ben Parr’s #DominateFund, which was supposedly in the single digits.